Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . billion in the area, the company said. .

Brokerage 479

Brokerage Mortgage Loan Officers Real Estate Agent 479

Housing Wire

JANUARY 17, 2023

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A These hopes for a declining rate have many loan officers feeling optimistic about 2023’s business prospects after experiencing lower volumes last year. “I A 5% market will be good. Make a plan.

Loan Officers 372

Loan Officers Marketing Real Estate Agent Real Estate 372

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program.

Loan Officers 358

Loan Officers Mortgage Real Estate Agent Real Estate 358

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage. relaunched its forward mortgage originations.

Loan Officers 348

Loan Officers Mortgage Real Estate Agent Business 348

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

Mortgage 361

Mortgage Retail Lending Loan Officers 361

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

APRIL 23, 2024

Expansive national footprint When asked if the renewed effort in the reverse lending channel would have more of a regional focus before expanding nationwide, Krajewski said that the intention is to offer reverse mortgages in each of the company’s offices across the country. “US US Mortgage is a national company.

Mortgage 333

Mortgage Loan Officers Investors Business 333

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better.

Loan Officers 402

Loan Officers Retail Clients Real Estate Agent 402

Housing Wire

FEBRUARY 15, 2023

You have a lot of flexibility in pricing, flexibility with other broker products, flexibility with marketing under an compliant umbrella,” Steinway said of Revolution Mortgage, which has a hybrid wholesale and retail lender model. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s the local relationships.

Mortgage 357

Mortgage Loan Officers Lending Retail 357

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Join a real estate team that can handle administrative work.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

JULY 29, 2022

Eliminated positions are mainly administrative positions and include processing, underwriting and closing jobs that are in less demand as loan origination shrinks. Cuts were being made in back-office staff (71%), general and administrative expenses (66%) and loan officers (19%), according to the survey.

Mortgage 383

Mortgage Loan Officers Lending Real Estate Agent 383

Housing Wire

MARCH 15, 2021

In Ishbia’s estimation, these two companies, which both have retail operations, are trying to cut the broker out of the mortgage equation. Rocket is training real estate agents to originate loans, and Fairway is trying to poach loan officers, he claims.

Real Estate Agent 390

Real Estate Agent Loan Officers Retail Training 390

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

NOVEMBER 22, 2022

Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021.

Loan Officers 384

Loan Officers Retail Business Mortgage 384

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

Real Estate Agent 384

Real Estate Agent Retail Real Estate Design 384

Housing Wire

APRIL 18, 2023

The outside distributor retail is a hedge against the call center in the different environments. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail 324

Retail Business Agents Loan Officers 324

Housing Wire

NOVEMBER 13, 2023

Thus, these systems have evolved over time to provide the necessary backbone for lending operations and ensure compliance, scalability and adaptability across various lending models, from wholesale to retail.

Technology 391

Technology Design Lending Real Estate Agent 391

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. At UWM we focus on our client service, operational efficiency and speed to close loans. Blink+ is a white-label, borrower-facing digital application tool.

Tools 306

Tools Training Technology Clients 306

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This feeds into the organic real estate movement in the area and reinforces key points that made Columbus attractive to Offerpad even before our start in the area.”.

Housing Market 351

Housing Market Marketing Agents Real Estate 351

Housing Wire

NOVEMBER 10, 2020

But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio. For eight years they were not able to get a mortgage loan – they could have an 800 credit score, $2 million in the bank. “I Angel Oak funded the loan.

Business 432

Business Mortgage Investors Loan Officers 432

Housing Wire

JANUARY 24, 2023

. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the lender said in a statement. It’s also important to note that as a wholesale lender, the LOs we partner with do not work for UWM.

Lending 358

Lending Law Legal Training 358

Housing Wire

SEPTEMBER 14, 2020

Consumers go online and shop for rates or contact the lender their real estate agent has suggested. There is plenty of research that indicates the vast majority of mortgage loan borrowers are not ready to self-originate. But when should the lender inject the loan officer or consultant into the process?

Lending 461

Lending Mortgage Technology Business 461

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 400

Loan Officers Mortgage Lending Real Estate Agent 400

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 386

Lending Real Estate Agent Loan Officers Retail 386

Housing Wire

AUGUST 16, 2023

Guild doesn’t have a refi wrecking ball like Rocket Mortgage or a loyal network of adoring broker fans like UWM , but it has quietly assembled an impressive collection of retail branches in key markets in recent years. But we feel pretty good about how many LOs converted from retail to wholesale. Guild originated $4.5

Retail 350

Retail Real Estate Agent Business Mortgage 350

Housing Wire

FEBRUARY 14, 2024

That’s also an attitude shared by Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot. To understand how loanDepot’s business has started the year, RMD sat down with Moriello to hear about what she’s seeing and what the company’s loan officers are telling her.

Business 384

Business Mortgage Advertising Clients 384

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgage 450

Mortgage Brokerage Retail Business 450

Housing Wire

AUGUST 17, 2022

The mobile-first functionality feature allows borrowers, lenders’ staff, real estate and settlement agents to use it on any web-enabled device, including iPads and desktops, according to the firm. Its core features include an integrated home search, loan payments calculator and the ability to begin a loan application.

Lending 365

Lending Real Estate Agent Real Estate Technology 365

Housing Wire

APRIL 26, 2023

The retail channel – which accounts for 85% of the lender’s entire business – is On Q Financial’s bread and butter, and the remaining 15% of production comes from the correspondent and wholesale channel, Lamb noted. “We On Q Financial is looking to benefit from servicing its referral partners throughout their lifecycle.

Real Estate 397

Real Estate Brokerage Retail Business 397

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. If it wants the loans ‘clear to close,’ borrowers would need to have to wait for their closer to get the package out.

Investing 410

Investing Loan Officers Retail Mortgage 410

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. retail residential mortgage applications, and has been conducted weekly since 1990. retail residential mortgage applications, and has been conducted weekly since 1990. And I feel it myself.

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

OCTOBER 14, 2022

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,”.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

JANUARY 12, 2024

Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? Many referrals come from real estate agents. For example, to close their “deal” the borrower needs a bridge loan. You can do this for private money lenders, too.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

Real Estate Agent 435

Real Estate Agent Loan Officers Real Estate Agents 435